Northcoast Research Initiates Coverage on Norwegian Cruise Line (NYSE:NCLH)

Stock analysts at Northcoast Research began coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $21.00 price target on the stock. Northcoast Research’s target price points to a potential upside of 21.81% from the company’s current price.

A number of other equities analysts have also commented on the stock. The Goldman Sachs Group cut their price objective on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup raised their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, February 28th. Loop Capital raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Monday, April 21st. Melius Research raised Norwegian Cruise Line to a “strong-buy” rating in a research note on Monday, April 21st. Finally, Bank of America decreased their target price on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and a consensus price target of $26.63.

Norwegian Cruise Line Stock Up 0.5 %

Shares of NYSE NCLH opened at $17.24 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a market cap of $7.58 billion, a P/E ratio of 15.82, a P/E/G ratio of 0.24 and a beta of 2.27. Norwegian Cruise Line has a 52 week low of $14.21 and a 52 week high of $29.29. The business has a 50-day simple moving average of $19.36 and a two-hundred day simple moving average of $23.82.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently modified their holdings of NCLH. Hopwood Financial Services Inc. purchased a new position in Norwegian Cruise Line in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth $27,000. Stonebridge Financial Group LLC bought a new stake in Norwegian Cruise Line during the 4th quarter valued at $27,000. Rakuten Securities Inc. boosted its position in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after buying an additional 739 shares during the period. Finally, R Squared Ltd bought a new stake in Norwegian Cruise Line in the 4th quarter worth $31,000. Institutional investors own 69.58% of the company’s stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.